The Main Advantage of Municipal Securities Is That

question 86

Multiple Choice

The main advantage of municipal securities is that

• A)their credit risk is usually very low.
• B)the interest income earned is exempt from federal income tax and taxes in the issuing state.
• C)they are the most liquid type of securities.
• D)Both a and b are correct.

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Definitions:

Skill Variety

The degree to which a job requires a range of different activities and skills to carry out the work.

Task Significance

The degree to which a job has a substantial impact on the lives or work of other people, either in the immediate organization or in the external environment.

Growth Potential

refers to the capacity for expansion or advancement, either for an individual, a business, or a product in the market.

Growth-need Strength

An individual's intrinsic desire for self-improvement or personal growth, influencing their motivation and satisfaction within their job or workplace.